Property profile

705 Progress Way Gaithersburg, MD 20879

OFF-MARKET
Drive through restaurants
Property ID
US40-1842560
4,790 SF 1.17 ac lot Built 2023
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2023
Total area 4,790 SF
Lot 1.17 ac (51,122 SF)
Zoning code MXD
APN 09-03859971
UPID US40-1842560

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

705 Progress Way Gaithersburg, MD 20879-3134
Gaithersburg metro Census 700733 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$760k

Owner & transaction history

Zoning & alternative use

MXD · Gaithersburg, MD
Zoning description

The purpose of MXD zone is to provide a more flexible approach to the comprehensive design and development of multi use projects

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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